Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Solitron Devices ( (SODI) ) has issued an update.
Solitron Devices, Inc. reported a 32% decrease in net sales for the first quarter of fiscal 2026 compared to the same period in fiscal 2025, with net income turning into a loss of $0.34 million. Despite the decline in sales, the company experienced a 94% increase in backlog, reaching $18.26 million, and a 37% rise in net bookings. The company also invested in CBE LLC, which acquired a stake in CrossingBridge Advisors, potentially providing a new revenue stream. Additionally, the U.S. Air Force’s request to double AMRAAM production by 2028, a program Solitron supplies to, could positively impact future operations, pending Congressional approval.
Spark’s Take on SODI Stock
According to Spark, TipRanks’ AI Analyst, SODI is a Neutral.
Solitron Devices’ overall score is supported by strong financial performance, particularly in revenue growth and balance sheet stability. However, challenges in net income decline and high valuation metrics weigh negatively. Technical indicators present a neutral outlook, with stable momentum and price trends.
To see Spark’s full report on SODI stock, click here.
More about Solitron Devices
Solitron Devices, Inc. operates in the electronics industry, focusing on the production of semiconductors and related devices, with a significant market focus on defense applications.
Average Trading Volume: 1,030
Technical Sentiment Signal: Buy
Current Market Cap: $33.31M
For a thorough assessment of SODI stock, go to TipRanks’ Stock Analysis page.